SpiceJet, Indigo near 52-week highs as Jet Airways stares at shutdown

According to media reports, SpiceJet and IndiGo will add close to 50 aircraft over the next few months to fill up the capacity shortage caused by the crisis in Jet Airways

SpiceJet shares surged over 13 per cent while InterGlobe Aviation, parent of IndiGo, hit its new all-time highon the expectation of higher yield due to the capacity reduction of Jet Airways.

India’s first private airline Jet Airways is headed towards a total grounding and a decision could be taken as early as Tuesday after a meeting of its board of directors, Business Standard reported. CLICK HERE TO READ FULL REPORT

According to media reports, SpiceJet and IndiGo will add close to 50 aircraft over the next few months to fill up the capacity shortage caused by the crisis in Jet